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There will be huge negative effects. It will be the first time in our history that we didn’t pay our bills. Let’s face the economics. If you’re a hospital waiting for Medicare payments, what’s your reaction to getting stiffed? It’s negative. If you owe money, you have to pay money.

The rhetoric on the Hill is getting very heated and it’s getting quite dangerous. The gun is at the head of the American economy and Congress is holding it and its got a hair trigger. We’ve got to pay our bills.

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